Court ordered to review Biden’s ‘green investing’ scheme

A federal appeals court ordered a judge on Thursday to reconsider blocking a Biden administration rule that allows environmental, social and governance (ESG) investing in employee retirement plans following a landmark Supreme Court ruling.

The Fifth Circuit Court of Appeals ruled that a Texas judge must reconsider a decision upholding a Department of Labor rule, which took effect in February 2023 and allows retirement plans to consider factors like racial justice and climate change when...